Welcome to this month’s market update!

Spring market energy is officially here! After a steady start to the year, the GTA real estate market is picking up pace with more homes selling, prices edging higher, and buyers staying active even with rates holding steady.

Current Market Conditions

April 2026 recorded 5,946 homes sold across the GTA, up from 5,039 in March. That’s a 7% increase compared to this time last year, showing that demand is still holding strong as we move deeper into 2026. The average home price now sits at $1,051,969, which is up from $1,017,796 in March. Prices are gradually climbing, but still reflecting a market that remains -4.9% lower than April 2025.

The MLS Home Price Index Composite benchmark is down 6.6% year-over-year, confirming that while prices are stabilizing, we are not fully back to peak levels yet.

The average days on market decreased to 43 days versus the 47 days last month, moving in the right direction but still slower than the 37 days we saw in 2025.

Link below for previous Toronto Housing Market Reports

• Toronto Housing Market Report – April 2026
• Toronto Housing Market Report – March 2026
• Toronto Housing Market Report – February 2026
• Toronto Housing Market Report – January 2026

Demand and Interest Rates

Interest rates remain steady at around 2.25%, giving buyers consistency and predictability when planning their next move. This stability is helping confidence. Buyers are active, but selective, and they’re paying closer attention to value. Well priced homes are still attracting strong interest, especially in desirable areas.

Important: Next Rate Announcement scheduled for June 10, 2026,

Supply of Homes

Inventory continues to build across the GTA, and that shift is becoming more meaningful for both buyers and sellers. We’re now sitting at 25,110 active listings, which is up from 21,596 in March. This steady rise in supply is giving buyers more breathing room, more options to compare and less urgency to jump into multiple offer situations.

For buyers, this means more selection, better negotiating power and more time to make informed decisions, especially in areas where inventory has been tight over the past few years.

For sellers, with more competition entering the market each day, simply listing a home is not enough. Pricing accuracy, strong presentation, and a clear marketing strategy are now critical to stand out.

Have any Questions: Ask us how to maximize your home’s value and showcase it to stand out in today’s market!

Market Outlook

The GTA market is in a healthy but transitional phase. Sales are up year-over-year and prices for all homes are slowly recovering. Inventory is on the rising which provides buyers more leverage than they’ve had in recent years. Opportunity exists on both sides of the market, but strategy and presentation are key for sellers in this market.

Key Takeaways

• Home sales: 5,039 (March) → 5,946 (April) | +7% YoY
• Active listings: 21,596 → 25,110
• Average price: $1,017,796 → $1,051,969 (-4.9% YoY)
• MLS HPI: -6.6% YoY (April 2026)
• Days on market: 43 days (up from 37 in 2025)
• Interest rates: holding at ~2.25%